MyECheck, Inc. (MYEC.OB) System Reduces Retailer’s Risk and Keeps Incoming Cash Flowing
MyECheck, Inc. (MYEC.OB), a leading electronic transaction processor, utilizes a proprietary and patented system that can be utilized by both storefronts and ecommerce sites. The company’s remotely created checks (RCC) image service is the world’s first Check 21 solution created to process electronic payments. The MyECheck system is actually classified under a different set of rules than traditional ACH transactions. MyECheck is governed under Check 21 law and Uniform Commercial Code (UCC state law), which are more favorable to retailers especially when charge-backs are involved. RCC images can be created and processed through a number of methods. First, clients can…